Portal Forum General General Discussion Home Ownership Reply To: Home Ownership

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@rowshkex wrote:

Sounds like buying a home that we would want is out of the question right now given the limitations until I’m actually making money, even if I have a guaranteed income…

Quite possibly. I get this question about once a month from attorneys who’ve just passed the bar and want to buy a $600K house right away. You’re qualified based on your current earnings. Keep in mind too that if you receive bonus or commission at a job, you need a 2 year history before lenders will use it for qualifying purposes. Prior to 2 years, it’s base income only.